NCEA Level 3 Economics

Aims

To understand basic concepts, principles, and simple analytical techniques and apply them to current economic issues
To inquire into and reason clearly and objectively about economic issues
To interpret and present economic data and arguments in a clear, concise and coherent manner
To develop an awareness of inter-relationships between economic, social and political events

Course Content

Resource allocation via the market system
Resource allocation via the public system
Aggregate economic activity and policy

Assessment

There are a variety of assessment tasks and school examinations. Externally assessed topics are examined nationally at the end of the year. Learners select appropriate assessments from the list below.

Qualification gained

Full course completion — 24 credits in NCEA Economics Level 3

This subject has links with

Accounting, Geography, Mathematics with Statistics.

Prior knowledge required

NCEA Level 2 Economics with a minimum of one external and one internal Achievement Standard at Level 2, or a satisfactory level of achievement in NCEA Level 2 Mathematics and English, including for both subjects, one Level 2 external Achievement Standard.

In exceptional circumstances entry is by consultation with the HoD and the Year Level Dean.

Next Step

Tertiary study in a wide range of fields

Achievement Standard

91399 3.1 4 Credit External Demonstrate understanding of the efficiency of market equilibrium

91400 3.2 4 Credit External Demonstrate understanding of the efficiency of different market structures using marginal analysis

91401 3.3 5 Credit Internal Demonstrate understanding of micro-economic concepts

91402 3.4 5 Credit Internal Demonstrate understanding of government interventions to correct market failures

91403 3.5 6 Credit External Demonstrate understanding of macro-economic influences on the New Zealand economy

Course contribution: $60 indicative amount, may be subject to change.

e-Learn Economics, field trips, guest speakers.